The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017).
Cash……………………………………. €1,686
Short term investments………………... 1,277
Accounts Payable………………………. 7,840
Accounts Receivable…………………… 2,670
Inventory………………………………. 5,638
Intangible Assets………………………. 2,694
Current borrowings…………………….. 500
Non-current borrowings………………... 1,683
Property Plant and Equipment………… 23,316
Share Capital-Ordinary………………… 24,594
Retained Earnings……………………… ?
Instructions: Prepare the journal entries for each of the transactions.
Adjust the accounts using the beginning balances.
The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017). Cash……………………………………. €1,686 Short...
The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017). Cash……………………………………. €1,686 Short term investments………………... 1,277 Accounts Payable………………………. 7,840 Accounts Receivable…………………… 2,670 Inventory………………………………. 5,638 Intangible Assets………………………. 2,694 Current borrowings…………………….. 500 Non-current borrowings………………... 1,683 Property Plant and Equipment………… 23,316 Share Capital-Ordinary………………… 24,594 Retained Earnings……………………… ? Instructions: Prepare the journal entries for each of the transactions. Paid mortgages of €686, €252 of which was interest and the remainder of which was repayment of principal.(Hint: think about what kind of...
The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017). Cash……………………………………. €1,686 Short term investments………………... 1,277 Accounts Payable………………………. 7,840 Accounts Receivable…………………… 2,670 Inventory………………………………. 5,638 Intangible Assets………………………. 2,694 Current borrowings…………………….. 500 Non-current borrowings………………... 1,683 Property Plant and Equipment………… 23,316 Share Capital-Ordinary………………… 24,594 Retained Earnings……………………… ? Instructions: Prepare the journal entries for each of the transactions. Paid mortgages of €686, €252 of which was interest and the remainder of which was repayment of principal.(Hint: think about what kind of...
The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017). Cash……………………………………. €1,686 Short term investments………………... 1,277 Accounts Payable………………………. 7,840 Accounts Receivable…………………… 2,670 Inventory………………………………. 5,638 Intangible Assets………………………. 2,694 Current borrowings…………………….. 500 Non-current borrowings………………... 1,683 Property Plant and Equipment………… 23,316 Share Capital-Ordinary………………… 24,594 Retained Earnings……………………… ? Instructions: Prepare the journal entries for each of the transactions. (4 points each) Paid mortgages of €686, €252 of which was interest and the remainder of which was repayment of principal.(Hint: think about...
The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017). Cash……………………………………. €1,686 Short term investments………………... 1,277 Accounts Payable………………………. 7,840 Accounts Receivable…………………… 2,670 Inventory………………………………. 5,638 Intangible Assets………………………. 2,694 Current borrowings…………………….. 500 Non-current borrowings………………... 1,683 Property Plant and Equipment………… 23,316 Share Capital-Ordinary………………… 24,594 Retained Earnings……………………… ? Instructions: Prepare the journal entries for each of the transactions. Paid mortgages of €686, €252 of which was interest and the remainder of which was repayment of principal.(Hint: think about what kind of...
The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017). Cash……………………………………. €1,686 Short term investments………………... 1,277 Accounts Payable………………………. 7,840 Accounts Receivable…………………… 2,670 Inventory………………………………. 5,638 Intangible Assets………………………. 2,694 Current borrowings…………………….. 500 Non-current borrowings………………... 1,683 Property Plant and Equipment………… 23,316 Share Capital-Ordinary………………… 24,594 Retained Earnings……………………… ? Instructions: Prepare the journal entries for each of the transactions. Paid mortgages of €686, €252 of which was interest and the remainder of which was repayment of principal.(Hint: think about what kind of...
The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017). Cash……………………………………. €1,686 Short term investments………………... 1,277 Accounts Payable………………………. 7,840 Accounts Receivable…………………… 2,670 Inventory………………………………. 5,638 Intangible Assets………………………. 2,694 Current borrowings…………………….. 500 Non-current borrowings………………... 1,683 Property Plant and Equipment………… 23,316 Share Capital-Ordinary………………… 24,594 Retained Earnings……………………… ? Instructions: Prepare the journal entries for each of the transactions. (4 points each) Paid mortgages of €686, €252 of which was interest and the remainder of which was repayment of principal.(Hint: think about...
The following information relates to Paris Cosmetics. Ltd. for the year 2017 (1/1/2017). Cash……………………………………. €1,686 Short term investments………………... 1,277 Accounts Payable………………………. 7,840 Accounts Receivable…………………… 2,670 Inventory………………………………. 5,638 Intangible Assets………………………. 2,694 Current borrowings…………………….. 500 Non-current borrowings………………... 1,683 Property Plant and Equipment………… 23,316 Share Capital-Ordinary………………… 24,594 Retained Earnings……………………… ? Instructions: Prepare the journal entries for each of the transactions. Paid mortgages of €686, €252 of which was interest and the remainder of which was repayment of principal.(Hint: think about what kind of...
Prepare the journal entries for the following transactions. Paris Cosmetics issues €2,500 shares of €200 par value preference stock at €317 cash per share on 1/1/2017. The shares are 5% and cumulative. Paris Cosmetics issues 120,000 shares of €2 par value share of ordinary stock at €27 cash per share on 1/1/2017. On March 1, Paris Cosmetics repurchases 6,200 shares of the previously issued ordinary shares at €43 cash per share. The company declares and pays cash dividends amounting to...
Ⓡ a Search P2-3B Richardson Services Ltd. was formed on May 1, 2017. The following transactions took place during the first month. Transactions on May 1: 1. Shareholders invested £50,000 cash in exchange for ordinary shares. 2. Hired two employees to work in the warehouse. They will each be paid a salary of £2,800 per month. 3. Signed a 2-year rental agreement on a warehouse; paid £24,000 cash in advance for the first year. 4. Purchased furniture and equipment costing...
Saved The following information for the year ended December 31, 2017, was reported by Bloomin' Brands the company that owns and operates Outback Steakhouse and Carrabba's Italian Grillrestaurants. Amounts are in millions of dollars. $ 88 110 1,417 170 237 Cash (balance on January 1, 2017) Cash (balance on December 31, 2017) Food and Supplies Expenses Accounts Payable Selling and Administrative Expenses Food and Supply Inventories Notes Payable Other Assets Other Liabilities Other Revenues Property, Fixtures, and Equipment Restaurant Sales...